Miami luxury condo prices average $2.5 million October 2025, up 18% year-over-year, driven by tech relocations from San Francisco and New York, Knight Frank report.
Foreign buyers account for 35% of transactions, fueling $1.2 billion Q3 sales in Brickell and Edgewater hotspots.
Median condo price $1.5 million, co-ops $1.2 million, 5% inventory rise but sales -3% YoY amid low supply.
Tech executives seek waterfront properties, 28% increase in $5 million+ listings, Elliman Q4 data.
Tax advantages attract international investors, 25% transactions from Asia Europe, luxury market 20% sales up.
$2.1 million median up 2% from September, $4.5 billion luxury sales Q3, foreign investments 35%.
Miami’s quiet accumulation unveils new era where $2.5M’s vast peak bridges inventory voids, transforming real estate with enduring harmony.
